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Archean Chemical Industries has debuted at Rs 449.00 on the BSE, up by 42 points or 10.32% from its issue price of Rs 407.

The scrip is currently trading at Rs 454.25, up by 47.25 points or 11.61% from its issue price. It has touched a high and low of Rs 476.05 and Rs 440.05 respectively. So far 8.18 lakh shares were traded on the counter.

The offering, which was open for subscription between November 09, 2022 and November 11, 2022 was subscribed 32.23 times. The issue price was fixed at Rs 407 per share i.e. at upper end of price band of Rs 386-407 apiece.

Archean Chemical Industries is a leading specialty chemicals manufacturing company based in India with a wide presence in the global markets.